2013 Consolidated Statement of Income 1. Semester 2013/2012

10.09.2013

(in thousand CHF)	2013	2012	Variation

Operating revenue
Income from transport business	57'586	55'031	2'555
Subsidies	4'314	4'293	21
Income from energy business	4'522	4'571	-49
Souvenir shops	2'093	2'065	28
Catering & accommodation	11	491	-480
Rental income	3'122	3'006	116
Other income	5'770	5'646	124
Total operating revenue	77'418	75'103	2'315

Operating expenses
Staff costs	-26'669	-26'067	-602
Purchase of energy	-2'087	-2'069	-18
Cost of goods sold	-969	-997	28
Other operating expenses	-19'102	-20'250	1'148
Total operating expenses	-48'827	-49'383	556

EBITDA	28'591	25'720	2'871

Depreciations
Depreciation on tangible fixed assets	-13'318	-12'150	-1'168
Depreciation on intangible assets	-339	-328	-11
Total depreciations	-13'657	-12'478	-1'179

Operatin Profit / EBIT	14'934	13'242	1'692

Financial income / expenses
Financial income	125	183	-58
revenue from associated companies	-622	47	-669
Financial expenses	-119	-92	-27
Total financial income / expenses	-616	138	-754

Income before tax / EBT	14'318	13'380	938
Income taxes	-3'108	-2'704	-404

Income before minority interests	11'210	10'676	534
Minority interests	-107	-28	-79

Net profit for the period	11'103	10'648	455

The unaudited consolidated half-yearly financial statement of Jungfraubahn Holding AG has been compiled in accordance with Swiss GAAP FER 12 professional recommendations on financial statements. The accounting principles applied are identical to those in the 2012 financial report.
Because of different offers, Jungfrau Railways business activity is not marked by any significant seasonal effects
Up to approval of this half-yearly financial statement by the Jungfraubahn Holding AG Executive Board on 3th September 2013, no further occurrences were known which could result in an adjustment of the book values of Group assets and liabilities, or which must be disclosed at this point.

Jungfrau Railways